Calibre Mining (TSE:CXB) PT Lowered to C$3.60

Calibre Mining (TSE:CXB) had its target price lowered by National Bankshares from C$4.00 to C$3.60 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CXB has been the topic of several other reports. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus decreased their target price on Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Raymond James increased their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Scotiabank lifted their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Finally, Cormark increased their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$3.32.

Calibre Mining Trading Up 0.4 %

Shares of TSE:CXB opened at C$2.60 on Wednesday. The business’s 50-day moving average is C$2.51 and its 200 day moving average is C$2.17. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90. The firm has a market capitalization of C$2.05 billion, a P/E ratio of 18.50 and a beta of 2.08.

Calibre Mining (TSE:CXB) last announced its quarterly earnings data on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. The firm had revenue of C$187.89 million during the quarter. On average, research analysts predict that Calibre Mining will post 0.3914328 earnings per share for the current fiscal year.

Insider Buying and Selling at Calibre Mining

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. In other news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40. Over the last quarter, insiders bought 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. 6.32% of the stock is owned by corporate insiders.

Calibre Mining Company Profile

Calibre Mining Corp., together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Nicaragua, the United States, and Canada. It primarily explores gold, silver, and copper deposits. The company was formerly known as TLC Ventures Corp. and changed its name to Calibre Mining Corp.